U.S. Stocks Plunge As Trump Warns Of Economic ‘Transition’ Period

Stocks plummeted on Monday after President Donald Trump warned of a “period of transition” for the United States economy as a result of his tariff policies aimed at bringing manufacturing back to America.

All major indices tumbled on Monday, with the S&P 500 dropping 2.8%, the Dow Jones falling 2%, and the Nasdaq plunging more than 4%, per the AP.

The whiplash of news in recent weeks regarding tariffs has had the stock market in a state of confusion, as “the main measure of the U.S. stock market is on track for a seventh swing of more than 1%, up or down, in the last eight days,” per the AP.

Last week, Trump slapped 25% tariffs on imports from Mexico and Canada, only to instantly exempt the vast majority of imported goods just two days later following a call with the Mexican president. He also doubled a blanket tariff on goods from China to 20%.

Read Full Article Here